Scott’s Stock Market Indicators – 8/12/2018

Long term is slightly overbought.

Medium term is neutral and lagging the performance of the S&P.

Short term neutral and also lagging the S&P.

Ultra short term is slightly negative. Not oversold.

Given the seasonality and behind the scenes hints of my indicators, the market is running on fumes, and at least is due for a slight correction. GDP commonly peaks out with stocks in late cycle economic expansions.